Despite its recent popularity in literature, theory, and practice, Corporate Social Responsibility (CSR) remains a vague concept that struggles to define itself beyond the confines of corporate philanthropy or sustainability. In some circles, it is a response to the present and anticipated climate change challenges, while in others it focuses on fair trade, corporate governance, and responsible investment. What then is CSR, and how do we understand its purpose? In Corporate Social Responsibility, Entrepreneurship, and Innovation, authors Kenneth Amaeshi and Paul Nnodim consider the governance of corporate externalities (positive and negative impacts of firms on society and the environment) as the main thrust of the CSR discourse – a field that hitherto only the state has regulated, with sometimes coercive actions.
This book contributes to the theorization of CSR by presenting the meaning of CSR in a clear and distinct manner, giving the ongoing CSR debate a new direction anchored on a firm economic philosophy. It reinforces the view of firms as social institutions as well as economic actors, establishing CSR as a form of justice rather than philanthropy. Articulating CSR as private governance of corporate externalities, for the first time, this book provides researchers with a new paradigm to translate knowledge into action and offers reflective managers an alternative framework in which to explore their corporate strategies and decisions.
"Corporate Social Responsibility, Entrepreneurship, and Innovation provides an excellent academic introduction to CSR within the context of globalisation for business students and experienced professionals alike." - Sharon Shutler, FCQI CQP, in Quality World, Vol 39:7, 2013
1. Corporate Social Responsibility: Definitions and Meanings 2. Corporate Social Responsibility as Stakeholder Orientation to Management 3. Corporate Social Responsibility, Globalization, and the Global Governance Void 4. Corporate Social Responsibility as the Private Governance of Externalities 5. Corporate Social Responsibility as a Private Governance Mechanism: Implications for Markets 6. Corporate Social Responsibility as a Private Governance Mechanism: Implications for CSR in Different Institutional Contexts 7. The Problem of Accountability in the Global Networks of Production 8. Corporate Social Responsibility as a Business Philosophy and an Expression of Social Justice: Justice as Fairness About the Authors Bibliography Index
Originating from both normative and descriptive philosophical backgrounds, business ethics implicitly regulates areas of behaviour which influence decision making, judgment, behaviour and objectives of the leadership and employees of an organization. This series seeks to analyse current and leading edge issues in business ethics, and the titles within it examine and reflect on the philosophy of business, corporations and organizations pertaining to all aspects of business conduct. They are relevant to the conduct of both individuals and organizations as a whole.
Based in academic theory but relevant to current organizational policy, the series welcomes contributions addressing topics including: ethical strategy; sustainable policies and practices; finance and accountability; CSR; employee relations and workers rights; law and regulation; economic and taxation systems.